Raiffeisen Bank International (RBI) has suspended attempts to sell its Russian unit against the backdrop of an improvement in relations between Moscow and Washington, writes Financial Times with reference to sources. The decision to stop selling the Russian branch was adopted in February. According to one of the sources, the reason for this was the “global uncertainty” and the changing relations between the United States and Russia. The pause, he noted, is necessary “to assess the situation.” In the official statement of RBI, it emphasizes that “the sales process continues.” At the same time, the bank noted that so far the sale is formally impossible, since earlier the Russian court banned transactions with the bank shares. The press service of the bank denies the suspension of leaving the Russian market. “The sales process is not stopped and not frozen,” RIA Novosti officially said in rbi.raiffeisen Bank International announced plans to turn business in Russia back in the first weeks of the full-scale Russian-Ukrainian war. The company is pressure regulatory bodies of the EU and the United States, requiring a Russian business. In RBI itself, they say that this cannot be done quickly, since the transaction requires numerous approvals. In mid -2024, RBI promised to speed up the sale of business in Russia. However, soon the Russian court, in the framework of one of the corporate lawsuits, established a ban on the sale of shares of Raiffeisenbank, after which the company said that this would slow down from the Russian Federation. (Tagstotranslate) News
